Westport Fuel Systems Announces New Chief Financial Officer
August 22 2019 - 4:15PM
Westport Fuel Systems Inc. ("
Westport Fuel
Systems") (TSX:WPRT / Nasdaq:WPRT) today announced the
appointment of Richard Orazietti as Chief Financial Officer
("
CFO") effective September 3, 2019.
Mr. Orazietti has had a distinguished career as a
finance leader with expertise across multiple finance disciplines
and extensive experience working with business and operational
management to drive change and improve performance. Prior to
joining Westport Fuel Systems, he served as Senior Vice President,
Treasurer of Goldcorp, Inc., a former NYSE and TSX listed senior
gold producer, where he was responsible for financing the company’s
strategic and operating objectives and managing risk exposure.
Previously, he also held roles as Senior Vice President, Controller
and Vice President, Internal Audit.
Prior to Goldcorp, Mr. Orazietti served as Vice
President, Finance at BCE Inc., Canada’s largest communications
company, where he led the financial management of various operating
divisions during a period of significant change in the
industry. He brings extensive experience in corporate
finance, risk management, financial reporting and control,
operational management, strategic planning and in leading change.
He is a Chartered Professional Accountant (“CPA”)
in British Columbia and holds a Global Executive MBA from the IESE
Business School at the University of Navarra and a Bachelor of
Business Administration from Simon Fraser University. Mr.
Orazietti is also fluent in French, Italian, and Spanish.
“We are delighted to have Richard join Westport
Fuel Systems as CFO,” said David M. Johnson, Chief Executive
Officer of Westport Fuel Systems. “Richard has excellent
credentials in both financial and operational management, a proven
track record of financial stewardship and control, and a detailed
knowledge of enterprise risk management and governance in a
multi-national environment. Richard is a results-driven executive
and will be a tremendous asset to our organization as we continue
to capitalize on global market opportunities for alternative fuels
and maintain our focus on becoming a profitable, sustainable
company.”
“Westport Fuel Systems’ technology leadership,
market innovation, and portfolio of commercially available clean
fuel products has set it on a path to becoming a profitable,
sustainable company,” said Mr. Orazietti. “I am excited to be
joining a team of global leaders who are constantly striving to
maximize the value of new and existing clean transportation
technology platforms to address the challenges of climate change
and urban air quality. I look forward to playing a key role as the
company moves into its next stage of growth and value creation for
its stakeholders.”
“On behalf of our Board and our executive team I
want to thank Jim MacCallum for fulfilling the CFO responsibilities
through our fiscal 2018 year end and the first two quarters of
2019. Jim’s in-depth knowledge of our financial systems and his
support ensured stability and continuity as I joined Westport Fuel
Systems earlier this year,” said Johnson.
About Westport Fuel
SystemsAt Westport Fuel Systems, we are driving
innovation to power a cleaner tomorrow. We are a leading supplier
of advanced fuel delivery components and systems for clean,
low-carbon fuels such as natural gas, renewable natural gas,
propane, and hydrogen to the global automotive industry. Our
technology delivers the performance and fuel efficiency required by
transportation applications and the environmental benefits that
address climate change and urban air quality challenges.
Headquartered in Vancouver, Canada, with operations in Europe,
Asia, North America and South America, we serve our customers in
more than 70 countries with leading global transportation brands.
At Westport Fuel Systems, we think ahead. For more information,
visit www.wfsinc.com.
Investor Inquiries: Shawn
SeversonInvestor Relations & Communications Westport Fuel
SystemsT: +1 604-718-2046invest@wfsinc.com
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